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hello and welcome to the second lesson of this excel course I am Simon Mansell and in this video we will learn about data entry editing and formatting in Excel lets get started with data entry excel can hold three kinds of data first is numeric the second is text and the third is a formula so let me show you an example here for example I write the name of a salesperson I would write my name then you can see that this is a name and this is a text that the cell is holding if I hear right my sales figures for example if I work in a sales company and I have to write my sales figure we say 100,000 now this is a number that cell is holding and in the last case I may say that my target for next year so what I target oops so bad at typing target for next year and I would say my target for next year should be 10% higher than my current sales figures then I would use a formula whenever I start a formula I started with an equal to sign so I would say equal to this value so I would select this v